Alpha Metallurgical Resources (NYSE:AMR) Stock Rating Reaffirmed by Benchmark

Alpha Metallurgical Resources (NYSE:AMR)‘s stock had its “hold” rating restated by analysts at Benchmark in a research note issued to investors on Tuesday, Benzinga reports.

Separately, B. Riley lowered their price objective on shares of Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating for the company in a research report on Monday, April 15th.

Alpha Metallurgical Resources Price Performance

Alpha Metallurgical Resources stock opened at $300.49 on Tuesday. The firm has a 50 day simple moving average of $330.80 and a 200-day simple moving average of $325.23. Alpha Metallurgical Resources has a 1-year low of $132.72 and a 1-year high of $452.00. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 6.17 and a beta of 1.38.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings results on Monday, May 6th. The energy company reported $9.59 earnings per share for the quarter, missing the consensus estimate of $9.61 by ($0.02). Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The firm had revenue of $864.07 million during the quarter, compared to analysts’ expectations of $845.35 million. During the same period last year, the company earned $17.01 EPS. The business’s quarterly revenue was down 5.2% on a year-over-year basis. Equities analysts expect that Alpha Metallurgical Resources will post 29.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Daniel E. Horn sold 100 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $360.29, for a total transaction of $36,029.00. Following the completion of the transaction, the insider now owns 6,462 shares of the company’s stock, valued at approximately $2,328,193.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alpha Metallurgical Resources news, Director David J. Stetson sold 30,694 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total transaction of $12,041,256.20. Following the sale, the director now directly owns 26,054 shares in the company, valued at approximately $10,220,984.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Daniel E. Horn sold 100 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $360.29, for a total transaction of $36,029.00. Following the sale, the insider now owns 6,462 shares in the company, valued at $2,328,193.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 153,971 shares of company stock valued at $55,479,986. Company insiders own 16.40% of the company’s stock.

Institutional Investors Weigh In On Alpha Metallurgical Resources

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Alpha Metallurgical Resources by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 1,213,584 shares of the energy company’s stock worth $411,308,000 after buying an additional 61,915 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Alpha Metallurgical Resources by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 725,152 shares of the energy company’s stock worth $245,778,000 after buying an additional 22,856 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in Alpha Metallurgical Resources during the 3rd quarter worth approximately $128,857,000. Dalal Street LLC lifted its holdings in Alpha Metallurgical Resources by 21.7% during the 3rd quarter. Dalal Street LLC now owns 441,510 shares of the energy company’s stock worth $114,673,000 after buying an additional 78,861 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in Alpha Metallurgical Resources during the 4th quarter worth approximately $139,291,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

About Alpha Metallurgical Resources

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.